GLAD CUBE Inc., The Current Fiscal Year Ordinary Profit Loss Widened in Downward Revision

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Thu Nov 14, 2024 3:00 pm JST Earnings

9561 GLAD CUBE Inc. 【J-GAAP】

Earnings Report

GLAD CUBE Inc. <9561> [TSE-G] announced its financial results in the afternoon session on November 14th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 188 million yen (compared to a profit of 124 million yen in the same period last year).

In addition, the full-year ordinary profit/loss has been revised downward from an expected loss of 214 million yen to a loss of 280 million yen (compared to a profit of 143 million yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit/loss for the July to December period (second half) has been revised downward from an expected loss of 106 million yen to a loss of 172 million yen (compared to a profit of 2 million yen in the same period of the previous year), indicating an expansion in the loss margin.

In the most recent three-month period, from July to September (3Q), the ordinary loss expanded to a loss of 80 million yen (compared to a loss of 17 million yen in the same period last year). The operating profit/loss margin drastically worsened from -4.9% in the same period last year to -20.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,119	373	366	241	32.5	80.4	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	1,050	122	124	84	10.4	86.7	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	1,157	-183	-188	-144	-17.6	ー	Nov 14, 2024	J-GAAP
YoY	+10.2%	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	1,069	-98	-106	-150	-18.0	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	747	-165	-172	-150	-18.0	0	Nov 14, 2024	J-GAAP
Revision Rate	-30.1%	-68.4%	-62.3%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	1,847	-203	-214	-235	-28.2	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	1,525	-270	-280	-235	-28.2	0	Nov 14, 2024	J-GAAP
Revision Rate	-17.4%	-33.0%	-30.8%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	800	4	2	-37	-4.6	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	747	-165	-172	-150	-18.0	0	Nov 14, 2024	J-GAAP
YoY	-6.6%	－	－	-305.4%	-294.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,480	461	455	297	39.1	0	Feb 14, 2023	J-GAAP
Dec, 2023	1,523	142	143	59	7.3	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	1,525	-270	-280	-235	-28.2	0	Nov 14, 2024	J-GAAP
YoY	+0.1%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	327	-16	-17	-12	-1.5	-4.9	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	473	20	19	-25	-3.1	4.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	431	-19	-21	-19	-2.4	-4.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	347	-86	-87	-66	-8.1	-24.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	379	-78	-80	-59	-7.2	-20.6	Nov 14, 2024	J-GAAP
YoY	+15.9%	-387.5%	-370.6%	-391.7%	-383.2%